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GST LUT – File Letter of Undertaking (LUT) Online
GST LUT – File Letter of Undertaking (LUT) Online Letter of Undertaking is commonly known as LUT. The Letter of Undertaking (LUT) is prescribed to be furnished in form GST RFD 11 under rule 96A,...
View ArticleGST AAR on Canteen Services
GST AAR on Canteen Services The Authority of Advance Ruling (AAR) in Kerala had passed an advance ruling clarifying that GST would be applicable on payments made by an employee of a company towards...
View ArticleJob Work under GST
Job Work under GST Simple concept of job work is that principal manufacturer would send inputs or capital goods, under intimation and without payment of tax to a job worker and if required, goods are...
View ArticleCess on Tea
Cess on Tea Tea is a common man’s beverage. It is the second most consumed beverage in India after water. Bengal and Tamil Nadu are the two major tea growing states in India. As per recent statistics,...
View ArticleHigh Sea Sales – GST
High Sea Sales – GST Applicability High sea sales is a sale carried out by the actual consignee (i.e. the consignee shown in the Bill of Lading) to another buyer while the goods are on high seas or...
View ArticleGST Demand Notice
GST Demand Notice The Goods & Service Tax (GST) is payable on self-assessment basis i.e. assessee himself has to determine it’s tax lability. If the determination of assessee goes wrong i.e....
View ArticleEmployee Reimbursement under GST
Employee Reimbursement under GST With implementation of GST, lot of confusion has prevailed regarding taxability of transactions between employee and employer and applicability of reverse charge...
View ArticleAssessment under GST
Assessment under GST Under GST, the term “assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and...
View ArticleGST on Joint Development Agreement
GST on Joint Development Agreement An agreement between a landowner and a real estate developer to construct new projects is called a Joint Development Agreement. In a joint development the capital,...
View ArticleGSTR3B Due Date for April 2018
GSTR3B Due Date for April 2018 The GSTR3B due date for April, 2018 has been extended upto 22 May, 2018. Normally, the GST3B returns are due on the 20th of each month. Hence, the GSTR3B return for the...
View ArticleGST on Free & Sample Products
GST on Free & Sample Products In a fast growing, competitive market, one of the most effective ways to gain new customers is to give away free and sample products. Providing free or sample products...
View ArticleGST on Export Oriented Unit (EOU)
GST on Export Oriented Unit (EOU) Export Oriented Unit (EOU) scheme was introduced in the year 1981. Under EOU scheme, units registered as a EOU are required to export their entire production of goods...
View ArticleInput Tax Credit for Capital Goods
Input Tax Credit for Capital Goods under GST Calculation of input tax credit for capital under GST, input tax credit availability and non-availability and calculation of reversal of input tax credit...
View ArticleApplicability of GST for Merchant Exporters
Applicability of GST for Merchant Exporters Merchant exporter is a person who is engaged in trading activity only. Further, the goods purchased are exported by the merchant exporter. Hence, a merchant...
View ArticleGST on Discounts
GST on Discounts Offering various discounts like cash discount, trade discount, volume discount, percentage discount etc. is the part and parcel of the sale promotion activities now a days. Under GST...
View ArticleGST on Stock Broking Services
GST on Stock Broking Services Stock broking is a service which gives retail and institutional investors the opportunity to buy and sell shares. Stock broker is a person or a firm that offers a...
View ArticleGST TDS – Rate, Applicability & Payment
GST TDS – Rate, Applicability & Payment Tax Deducted at Source which is most commonly known as TDS is the system through which certain percentage of tax is collected at the source of the income....
View ArticleE-Way Bill Exemption
E-Way Bill Exemption The Government has introduced concept of E-way bill in order to track the movement of goods and to avoid tax evasion. E-way bill generation is mandatory in case of movement of...
View ArticleRevocation of GST Registration Cancellation
Revocation of GST Registration Cancellation The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure...
View ArticleMultiple Vehicle Option – E-Way Bill
Multiple Vehicle Option – GST E-Way Bill E-Way bill implications is continuously expanding its legs. E-way bill generation is compulsory for movement of goods of consignment value exceeding INR 50,000....
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